A main reason why the U.S.trade deficit grew so large from 1997 to 2000 was that
A) Congress removed all tariffs and trade restrictions on imports.
B) NAFTA was introduced and Mexican exports flooded the United States.
C) the international value of the dollar fell during the 1990s, which encouraged U.S.exports.
D) the international value of the dollar rose in the last half of the 1990s, which encouraged U.S.imports and damaged U.S.exports.
Correct Answer:
Verified
Q81: When the dollar appreciates, the prices of
Q82: What are the economic effects of a
Q83: A currency appreciation should
A)reduce net exports and
Q84: The principal danger to Japan in 2001
Q85: Which of the following usually leads to
Q87: When the dollar depreciates, the prices of
Q88: When the dollar appreciates, the cost to
Q89: The main input into the production of
Q90: Figure 36-4 Q91: When the dollar depreciates, the cost to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents